All articles by Vidyasagar Maddela

GBC taps Thought Machine to modernise core banking system

GBC will transition its core banking product development to Thought Machine’s cloud-based platform, Vault Core.

Barclays to acquire loan origination platform Best Egg for $800m 

Barclays plans to continue Best Egg’s model and retain a small portion of its new lending flow on its balance sheet.

HSBC teams up with ValidiFI for enhanced fraud monitoring

HSBC will leverage ValidiFI’s data intelligence to verify account ownership, detect fraudulent activities, and identify suspicious patterns across bank accounts.

Huntington Bancshares to buy Cadence Bank in $7.4bn deal 

This acquisition is expected to enhance Huntington’s presence in the southern US, particularly in Texas and Mississippi.

Standard Chartered to sell Ugandan retail banking arm to Absa

The sale is part of Standard Chartered’s strategy to exit its wealth and retail banking sectors in Botswana, Uganda, and Zambia.

Huntington Bancshares completes $1.9bn acquisition of Texas-based Veritex 

Emirates NBD decides to quit IDBI deal due to delays-report 

Dubai-based financial institution is reportedly shifting its focus to RBL Bank, due to delays in the completion of the IDBI deal.

PicPay plans to raise up to $500m through US IPO – report

The company is collaborating with Citigroup, Royal Bank of Canada, and Bank of America for the potential listing.

HSBC to acquire remaining stake in Hang Seng Bank for $13.63bn

The offer reflects a 33% premium over the undisturbed 30-day average closing price, and values Hang Seng at HK$290bn ($37.2bn).

Discovery Bank launches in-app calling feature to combat fraud 

The new secure calling feature enables clients to connect directly with bankers, eliminating traditional identification, IVR menus or security questions.